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Strategies & Market Trends : Steve's Channelling Thread

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To: Zeev Hed who wrote (18553)	6/22/2001 1:05:15 AM
From: The Freep	Read Replies (1) of 30051

Then there's always this view of the book to bill (in short, last month might not have been the bottom). Note: this article was written before today's b2b release. thestreet.com But CSFB cautions against betting on the bottom now. "One month does not a trend make," the firm says today. "Even if May shows a slight uptick, keep in mind that historically bookings do not always go straight down to a trough. In April/May 1998, bookings increased 6% sequentially after four straight down months, but was followed by an additional five months of double digit sequential declines." The firm sees the third quarter as more likely being the bottom.

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